3035 Spawn RdSchenectadyNY12303
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Schenectady at 3035 Spawn Rd, Schenectady, NY, 12303 generates $2,791/mo in rent and, after a $1,881/mo payment, leaves $225/mo in cash flow. Total monthly income is $2,791/mo, and annual cash flow is $2,696/yr on $127,395 invested. Return on cash invested sits at 22.03% in year one, and rental yield is 8.72% on a $384,300 entry. Equity gained on principal adds $2,480/yr, while 5% annual appreciation builds toward $106,175 over five years. Five-year ROI reaches 114.84% and total cumulative return in cash sums $146,299. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,791/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12303, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,405 (100%) |
| Owner Occupied HU | 8,882 (66.3%) |
| Renter Occupied HU | 3,717 (27.7%) |
| Vacant Housing Units | 806 ( 6.0%) |
| Median Home Value | $263,822 |
| Average Home Value | $316,506 |
Housing Distribution
Address Breakdown
Residential
12,409
Single Family
12,096
Multi-Family
313
Businesses
563
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